NIIT Technologies rises on reporting decent Q2 numbers

17 Oct 2014

NIIT Technologies is currently trading at Rs. 380.00, up by 3.20 points or 0.85% from its previous closing of Rs. 376.80 on the BSE.

The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 380.00 and Rs. 368.00 respectively. So far 5924 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 486.00 on 11-Jul-2014 and a 52 week low of Rs. 272.95 on 18-Oct-2013.

Last one week high and low of the scrip stood at Rs. 408.75 and Rs. 360.15 respectively. The current market cap of the company is Rs. 2311.16 crore.

The promoters holding in the company stood at 30.99% while Institutions and Non-Institutions held 50.86% and 18.15% respectively.

NIIT Technologies has registered 3.10% rise in its net profit at Rs 58.15 crore for the quarter under review as compared to Rs 56.40 crore for the same quarter in the previous year. However, total income of the company has decreased 10.23% at Rs 320.45 crore for Q2FY15 as compared Rs 356.96 crore for the corresponding quarter previous year.

NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Middle East, Asia and Australia. It offers services in application development and maintenance, managed services, IP Asset or platform solutions, and business process outsourcing to organizations in the financial services, travel & transportation, manufacturing/distribution, healthcare and government sectors.

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